Dollar Tree, Inc. (DLTR) Given Average Rating of “Buy” by Brokerages

Dollar Tree, Inc. (NASDAQ:DLTR) has been assigned a consensus rating of “Buy” from the thirty-one research firms that are covering the stock, Marketbeat.com reports. Twelve analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $101.80.

A number of research firms have commented on DLTR. Loop Capital cut shares of Dollar Tree from a “buy” rating to a “hold” rating and decreased their target price for the stock from $115.00 to $105.00 in a research note on Monday, April 8th. Jefferies Financial Group raised their target price on shares of Dollar Tree from $94.00 to $100.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. ValuEngine cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. TheStreet cut shares of Dollar Tree from a “b” rating to a “c” rating in a research note on Wednesday, March 6th. Finally, BMO Capital Markets set a $105.00 price objective on shares of Dollar Tree and gave the company a “buy” rating in a report on Thursday, March 7th.

In other Dollar Tree news, insider Robert H. Rudman sold 5,110 shares of Dollar Tree stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $104.43, for a total transaction of $533,637.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arnold S. Barron sold 11,667 shares of Dollar Tree stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $101.61, for a total transaction of $1,185,483.87. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $1,524,150. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,947 shares of company stock valued at $3,480,102. 1.50% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System boosted its stake in Dollar Tree by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 12,600 shares of the company’s stock worth $1,324,000 after buying an additional 100 shares during the period. Parallel Advisors LLC lifted its position in shares of Dollar Tree by 20.8% during the fourth quarter. Parallel Advisors LLC now owns 598 shares of the company’s stock worth $54,000 after purchasing an additional 103 shares during the last quarter. Boltwood Capital Management lifted its position in shares of Dollar Tree by 1.1% during the fourth quarter. Boltwood Capital Management now owns 9,635 shares of the company’s stock worth $870,000 after purchasing an additional 105 shares during the last quarter. Burney Co. lifted its position in shares of Dollar Tree by 0.5% during the fourth quarter. Burney Co. now owns 23,421 shares of the company’s stock worth $2,115,000 after purchasing an additional 113 shares during the last quarter. Finally, Cigna Investments Inc. New lifted its position in shares of Dollar Tree by 1.7% during the fourth quarter. Cigna Investments Inc. New now owns 7,021 shares of the company’s stock worth $634,000 after purchasing an additional 120 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Shares of NASDAQ:DLTR traded down $0.01 during trading on Monday, hitting $108.66. The company’s stock had a trading volume of 123,488 shares, compared to its average volume of 1,983,132. Dollar Tree has a 12 month low of $78.78 and a 12 month high of $109.05. The company has a quick ratio of 0.36, a current ratio of 2.05 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $25.89 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 2.12 and a beta of 0.43.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 6th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.01. Dollar Tree had a negative net margin of 6.97% and a positive return on equity of 18.21%. The company had revenue of $6.21 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter last year, the business earned $1.89 EPS. The firm’s revenue was down 2.4% compared to the same quarter last year. Analysts expect that Dollar Tree will post 5.23 earnings per share for the current fiscal year.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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Analyst Recommendations for Dollar Tree (NASDAQ:DLTR)

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